Winter Rental Market Update

Property Managers Workload To Escalate For Winter

A lot of investors have jumped into the marketplace and obviously those properties have turned into properties that have come online from a rental perspective – so we are seeing high levels of stock

That has actually translated to a softening in rental prices that we have discovered in the last four weeks or so

It is taking longer to lease things, so properties that were leasing within one to two open houses, are now taking three or four open houses

Source: www.rbonline.com.au

Comments from our Leasing Team:

Even though the enquiry is still quite strong for this time of year – we are finding that prospective tenants are being more selective and have a number of options as opposed to jumping on the first property they see.  Statistically the winter months on the Northern Beaches the rental market does slow – but from our experience come August it clicks back into gear.